BlockBeats News: On May 26, Brian, an AI trading builder, announced that the Brian app is no longer available to users. The Brian API will continue to be available to developers for the next three months, and developers can obtain access upon request. Brian started at the ETHPrague hackathon in June 2023 with the goal of developing a transaction builder that would allow users to convert on-chain transactions through text prompts. The response from sponsors has been overwhelming, and the project has won five first prizes from The Graph, Gnosis, AAVE, Gateway, and Taiko. In the months following the hackathon, Brian went through three phases: a closed beta in November 2023, a public beta in February 2024, and a general launch in July 2024. When the AI agent frenzy hit, none of the VCs the team approached cared about the roadmap, traction, or team skills. They only ask about TGE, lock-up periods, and strategies to compete with other tokens, not against other apps. For these reasons, the team was unable to raise seed funding. The team found that seed upfront capital was being consumed on infrastructure costs on a daily basis, with no clear path to reverse the trend or continue to execute the roadmap.
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